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55.Suppose that the government's total tax receipts are $130, government spendingon goods and services is $100 and transfer payments are $40.What is thegovernment's budget surplus
55.Suppose that the government's total tax receipts are $130, government spendingon goods and services is $100 and transfer payments are $40.What is thegovernment's budget surplus or deficit?
Select one:
a.A deficit of $10.
b.A deficit of $30.
c.A surplus of $30.
d.A surplus of $10.
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